Petrobras to Evaluate Court Edict on Total Deal

State-controlled oil company Petróleo Brasileiro SA on Wednesday said it has not been formally informed about a court decision to block part of its $2.2 billion deal with Total SA(TTFNF).

A federal judge in the Northeast state of Sergipe blocked the sale to the French oil major of stakes Petrobras has in two sub-salt oil blocks. Petrobras said in a securities filing it will evaluate the judge's decision when it is officially notified and will take action to defend its interests and those of its shareholders.